The assessed worth of a specific coin, minted in 1878 at the San Francisco Mint, and composed of silver, is a complex function of several key factors. These include its condition, the rarity of specific varieties, and prevailing market demand among collectors. For instance, a coin in uncirculated condition will typically command a significantly higher price than one exhibiting considerable wear.
Understanding the determinants of this monetary item’s valuation is critical for both numismatists and investors. Historical context, including mintage figures and economic conditions during the time of production, profoundly impacts its current worth. Moreover, the inherent precious metal content contributes to its intrinsic value, providing a baseline regardless of its collectibility.